Free weekly newsletter with outlook and brief comments for world stock markets. Weekly reversal levels for stocks, gold and currencies. This method was designed to keep you on the right side of the market most of the time, letting the winners run while avoiding big losses.

1. Reversal Levels - Outlook for week of August 3, 2020

Number of S&P 500 stocks in bullish trends (blue line): 308 (62%) versus 304 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 333 (67%) versus 383 last week.

Situation is bullish and the number of stocks in bullish trends is going up. The red line stays above the
blue line. This suggests an ongoing rally phase.
© Reversallevels.com

2. 
ELC: up | BMO: down | Blue snake: up | Repellor: up.

BMO keeps coming down from extreme peak levels. This is consistent with an ongoing pullback or
pause. For how long we don’t know. In minor corrections BMO typically bottoms out near the zero
line (see 2016-2017 for historic examples).
© Reversallevels.com
S&P 500 Weekly chart

3. 
Sell signal for FTSE 100.

Bearish divergence for Australia AOI.

Most major markets stay bullish, but the move appears to be stalling,
which is turning MoM down for some markets. That’s something to
keep an eye on.

Bonds TLT are fully bullish with upward MoM..

Gold stays fully bullish with no signs of a top.

EURUSD is giving a partial profits signal. A 6% gain in 9 weeks.

Oil changes to weak bullish. May have peaked.
© Reversallevels.com
Major indices

4. 
Buy signal for Indonesia JCI.

Bearish divergences for Italy MIB, Sweden
OMX30, Switzerland SMI and Dow
Industrials.

Partial profits signal for Malaysia KLCI. An
8% gain in 8 weeks.

Partial profits signal for Taiwan TAIEX. A
6.6% gain in 7 weeks.

Partial profits signals before the 10th
week of
a bullish trend are usually just a pause. But
sometimes it indicates a failing rally.

A lot of bearish divergences and markets
turning to weak bullish mode. The recent
rallies appears to be stalling.

Gold stocks XAU is our current best
performer. It is up 47.9% since its Buy signal
15 weeks ago.
World markets
© Reversallevels.com

5. 
Buy signal for VZ.

Sell signal for BA.

Partial profits signal for AAPL. A 52% gain in 15
weeks.

18 stocks bullish, unchanged from 18 last week.
Below 20 = sputtering bull market. See:
Keeping an eye on the Dow stocks

The rebound is in question and we could see
the bear market pick up speed again if the
number of bullish stocks falls below 15.

AAPL is our current best performer. A 52.9%
gain since its Buy signal 15 weeks ago and the
move is ongoing.
.
30 Dow Jones Industrials stocks
© Reversallevels.com

6. 
Buy signal for USDRUB.

Partial profits signal for AUDUSD. A 7.4% gain in 9 weeks.

For daytraders or swing traders: if you do your trading in the direction of the weekly trend you are
likely to do well in the long run. So, try to buy the pullbacks in currencies pairs that are in bullish
trends and sell the rallies during bearish trends.
Forex & Crypto
© Reversallevels.com

7. 
On Twitter: http://twitter.com/lunatictrader1

On Stocktwits: http://stocktwits.com/LunaticTrader

Website: Reversallevels.com
For daily comments and questions you can find us here:
© Reversallevels.com
Disclaimer
Investing in stocks, forex or commodities is risky. No guarantee can be given that the opinions or predictions given in this presentation will be correct.
Reversallevels.com cannot in any way be responsible for eventual losses you may incur if you trade based on the given information.
Simulated trading programs in general are subject to the fact that they are designed with the benefit of hindsight.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Trade at your own risk and responsibility.
Subscription service
Daily reversal levels for over 3000 stocks and ETF are available by monthly subscription.
For less than $1 a day you can become a more efficient investor:
1 Month ($22) 6 Months ($110) 1 Year ($199)
Comes with full instructions and strategies for using the reversal levels and MoM indicator in your
own trading. This is an honest method with limited risk, not a get rick quick formula.
Give it a try.